Mississippi Real Estate Exam Practice Questions (With Answers)

Mississippi Real Estate Exam Practice Questions

The Mississippi real estate exam is 120 questions (80 national + 40 state) administered by PSI. You need a 75% to pass, which means scoring at least 90 out of 120. These practice questions focus on the state-specific content that most test-takers overlook.

MREC and Licensing Practice Questions

Question 1: The Mississippi Real Estate Commission has how many members? A) 3 B) 5 C) 7 D) 9

Answer: B) 5. The MREC consists of 5 members appointed by the governor.

Question 2: Under Mississippi law, how many hours of prelicense education must a salesperson candidate complete? A) 30 hours B) 45 hours C) 60 hours D) 90 hours

Answer: C) 60 hours. Mississippi requires 60 hours of prelicense education for salesperson applicants.

Question 3: Mississippi real estate licenses must be renewed every: A) 1 year B) 2 years C) 3 years D) 4 years

Answer: B) 2 years. Mississippi licenses renew on a 2-year cycle with 16 hours of continuing education required.

Agency Law Practice Questions

Question 4: A Mississippi real estate salesperson who receives an earnest money deposit must deliver it to the broker by: A) The same business day B) The next business day C) Within 3 business days D) Within 5 business days

Answer: B) The next business day. Mississippi law requires salespersons to deliver trust funds to their broker by the next business day. The broker then has 3 business days to deposit the funds.

Question 5: A broker in Mississippi who receives trust funds must deposit them into a trust account within: A) 1 business day B) 2 business days C) 3 business days D) 5 business days

Answer: C) 3 business days. Mississippi brokers must deposit received trust funds within 3 business days.

Question 6: Mississippi is best characterized as what type of foreclosure state? A) Judicial foreclosure only B) Deed of trust state allowing non-judicial foreclosure C) Strict foreclosure state D) Mortgage lien theory state with judicial foreclosure required

Answer: B) Deed of trust state allowing non-judicial foreclosure. Mississippi uses deeds of trust and allows non-judicial (power of sale) foreclosure.

Disclosure Practice Questions

Question 7: Mississippi's Seller's Disclosure form is required for which type of property? A) All real property B) Residential property with 1-4 units C) Commercial property only D) New construction only

Answer: B) Residential property with 1-4 units. The Mississippi Seller's Disclosure is required for 1-4 unit residential transactions.

Question 8: Is Mississippi a community property state? A) Yes, all property acquired during marriage is community property B) No, Mississippi follows common law property rules C) Yes, but only for real property D) Only in certain counties

Answer: B) No, Mississippi follows common law property rules. Mississippi is NOT a community property state.

Record Retention Practice Questions

Question 9: Mississippi real estate brokers must retain transaction records for: A) 2 years B) 3 years C) 5 years D) 7 years

Answer: C) 5 years. Mississippi requires brokers to keep transaction records for 5 years.

Question 10: Which of the following is NOT one of the 7 protected classes under Mississippi's fair housing law? A) Race B) National origin C) Sexual orientation (statewide) D) Familial status

Answer: C) Sexual orientation (statewide). Mississippi fair housing mirrors the 7 federal protected classes. Sexual orientation protections exist in some local jurisdictions but are not a statewide protected class under Mississippi law.

Keep Practicing

These 10 questions just scratch the surface. The Mississippi state section tests MREC composition, trust account timing, license law citations under Mississippi Code Title 73 Chapter 35, and disclosure requirements.

Visit [CARealestate.com/states/mississippi](https://carealestate.com/states/mississippi) for a full set of Mississippi practice questions with detailed answer explanations — 5 free, no signup required.